Form 990 for tax year 2022

Filed by RAND RETIREE MEDICAL BENEFIT TR.

Totals

Total revenue: $1,130,345
Total expenses: $1,294,645
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $214,748
Investment income: $915,597
Other revenue: $0
Total assets, end of year: $24,007,783
Total liabilities, end of year: $61,259
Net assets or fund balances, end of year: $23,946,524
Program services expenses (Part IX): $1,294,645
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $1,294,645

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: PARTICIPANT CONTRIBUTIONS

total $214,748 · related or exempt $214,748
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $513,702 · unrelated business $8,086 · excluded $505,616
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $1,142,242 · other assets $1,708,215
7b · Less cost or other basis and sales expenses

securities $1,101,256 · other assets $1,347,306
7c · Gain or loss

securities $40,986 · other assets $360,909
7d · Net gain or loss

total $401,895 · excluded $401,895
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $1,233,295 · program services $1,233,295
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0
7 · Other salaries and wages

total $0 · program services $0
8 · Pension plan contributions

total $0 · program services $0
9 · Other employee benefits

total $0 · program services $0
10 · Payroll taxes

total $0 · program services $0
11a · Fees: management

total $0 · program services $0
11b · Fees: legal

total $0 · program services $0
11c · Fees: accounting

total $0 · program services $0
11d · Fees: lobbying

total $0 · program services $0
11g · Fees: other

total $61,350 · program services $61,350 · management and general $0 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $344,624 · end of year $492,723
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $17,404 · end of year $400,443
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $22,322,830 · end of year $17,826,547
12 · Investments: other securities

beginning of year $6,065,851 · end of year $5,288,070
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $40,421 · end of year $61,259
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $57,487 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $28,652,801 · end of year $23,946,524

Mission and programs · 2022

Mission

PROVIDE FUNDS FOR MEDICAL BENEFITS OF ELIGIBLE RETIREES OF THE RAND CORPORATION.

PROVIDE FUNDS FOR MEDICAL BENEFITS OF ELIGIBLE RETIREES OF THE RAND CORPORATION.

Expenses $1,294,645 · Revenue $214,748

As filed on the 2022 return.

Listed in Part VII

The RAND Corporation

TRUSTEE

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

RAND EUROPE (EU) AISBL

POLICY RSRCH · BE · controlled entity

Directly controlled by RAND CORP
THE RAND CORPORATION

501(c)(3) · PUBLIC POLICY · CA
RAND EUROPE (UK)

POLICY RSRCH · UK · controlled entity

Directly controlled by RAND CORP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

THE RAND CORPORATION (AUSTRALIA) PTY LTD

C Corporation · POLICY RESEARCH · AS · controlled entity

Directly controlled by RAND CORP
RAND EUROPE COMMUNITY INTEREST COMPANY

C Corporation · CONSULTANCY SVCS · UK · controlled entity

Directly controlled by RAND CORP

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 November 2023
IRS schema version: 2022v5.0
Source object: 202313189349309271

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